WEEKLY: Wuxi's stainless steel market has a mixed week

Price trends in stainless steel grades in Wuxi, a key stainless hub in East China, varied last week, with 300-series prices falling while 200- and 400-series remained stable, Mysteel Global learned.

On July 13, Mysteel assessed the price of 304/2B Hongwang 2.0×1240mm stainless cold-rolled coil (CRC) in Wuxi at Yuan 14,800/tonne ($2,184/t) in-warehouse including 13% VAT, lower by Yuan 100/t from a week earlier. The 300-series weakness stemmed mainly from futures falls on the Shanghai Futures Exchange (SHFE) and softer raw